Question: For the revenue function given by R(x) = 280x+ 8x2 +x3 (a) find the maximum average revenue. (b) Show that R(x) attains its maximum at
For the revenue function given by R(x) = 280x+ 8x2 +x3
(a) find the maximum average revenue.
(b) Show that R̅(x) attains its maximum at an x-value where R̅(x) = M̅R̅.
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